An effective internal control system helps a bank promote orderly,
economical, efficient, and effective operations. It seeks to safeguard the
bank resources and maintain reliable financial and management data.

1. Explain the nature of internal control and its relationship with risk
and audit and how they drive value for an organization;
2. Discuss the regulatory requirements for internal control system in a
rural bank, including the framework, components, and measures and how they
can be implemented in real banking operations;
3. Illustrate the functions, processes, and procedures in the internal
audit services in a rural bank;
4. Describe the nature of fraud and identify applicable measures to
prevent and detect fraudulent activities; and
5. Assess internal control practices and devise workable solutions for
identified internal control weaknesses

• Understanding the Trilogy of Risk, Control and Audit
• Mapping Internal Controls in the International Landscape
• Five Components of Internal Control System
• Significant Provision of BSP Cir. 871, – Internal Control Framework
for Banks in the Phils.
• Minimum Internal Control Measures for Deposit Taking
• Minimum Internal Control Measures for Lending Operations
• Minimum Internal Control Measures for Fiancial Reporting
• Minimum Internal Control Measures for Asset Management
• Internal Audit as a Component of Internal Control System
•Fraud Prevention and Detection
• Evaluating Internal Control System in a Bank

Message from the President

GIOVANNI D. GABRIENTOPresident, FY 2017-2018

The incumbent Board of Directors of the Rural Bankers Association of the Philippines is humbled with the great honor to serve the industry as we embraced the challenge to formulate and implement programs for our members.

DAVAO CITY — The Asian Development Bank (ADB) is set to roll out a five-year financial inclusion program that will tap rural banks as the window for loans to the poor. Kelly Bird, ADB country director for the Philippines, said in an interview with BusinessWorld here last week that the ADB is final...